- DFI’s exit of its minority stake in Robinsons Retail in the Philippines should enable the company to continue its strategic refocus on higher-return core businesses.
- Despite selling at a discount to its entry cost, the deal supports DFI’s pivot toward ROCE-accretive operations. With 2025 profit growth guided at 14–34% y-o-y and net debt now eliminated, DFI is well-positioned for growth, improved margins and dividend upside.
DFI announced the Au revoir to Robinsons Retail.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- On our estimates, there could be a minor gain on this transaction given that RRH was held at a fair value of US$196m at end-24, offset by an exchange loss given the depreciation of the Php vs the US dollar since DFI’s initial entry.
Exiting a minority position.
- Read more at SGinvestors.io.
